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After five years of building a group of nine successful businesses, SEA Equity is rebranding as Longacre Group to better reflect its approach to investing in and growing businesses.
Longacre Group will continue to focus on acquiring and investing in B2B companies across the UK and Europe with profits of up to GBP10 million. The Comapny has invested in and supported companies in a wide variety of deal types: Management Buy Ins, Management Buy Outs, Growth Capital, Corporate Carve Outs, Special Situations and Turnarounds. Its group companies have achieved significant growth under our ownership and with the support of our
YFM Equity Partners, alongside the founders of the, has provide financing for a management buyout at Professional Music Technology (PMT).
Founded 28 years ago by Simon Gilson and Terry Hope, PMT is a leading UK multi-channel retailer of Musical Instrument (MI) and Professional Audio products. The business operates through 15 stores across the UK and has a web presence at www.pmtonline.co.uk. PMT employs more than 200 staff across its business and generates revenue in excess of GBP40 million per annum.
The Buyout has been led by David Black who becomes Managing Director of the business. David first joined PMT
HKW, a middle-market private equity firm focused on growth-oriented companies, has sold Gatekeeper Systems (Gatekeeper) to Graham Partners, Inc.
Gatekeeper offers a product suite of intelligent cart solutions to minimise merchandise loss and reduce asset and labour expenditures.
“Given Gatekeeper’s industry expertise, their emphasis on advanced technologies, and the potential for both organic and strategic expansion, this opportunity fit well with HKW’s focus on supporting the growth and development of strong management teams in the business services space,” says Mike Foisy, Chairman of Gatekeeper’s Board of Directors and Lead Operations Partner at HKW. “We are extremely proud of the strategic
The findings of a private equity (PE) market study by RisCura dispel the misconception that PE is a new asset class in the East African market.
The Private Equity Investment Guide and Market Study Report, was launched in October by the East Africa Venture Capital Association (EAVCA), Financial Sector Deepening Africa (FSD Africa) and the International Finance Corporation (IFC). RisCura served as the technical partner in gathering the relevant information and documentation for the report which will serve as a one-stop-shop for pension scheme trustees in East Africa to understand private equity investments.
Presently, African listed markets remain skewed to
Avedon Capital Partners (Avedon) has teamed up with the founders of Maxident, Crossmill, Hamm Dental (Hamm) and B u T Dentaltechnik (BuT), to found the DELABO Group.
The combination of these three independent German dental laboratories with complementary technical and operational capabilities will form the nucleus for a buy & build strategy to drive consolidation in the fragmented German dental laboratories market. The transaction successfully closed on 16 September, 2019. The parties agreed not to disclose the purchase price or further details of the transaction.
The newly founded DELABO Group will offer a comprehensive portfolio of domestically produced dental
Specialist eCommerce platform Online Poundshop has secured considerable investment from venture capital firm Midven, allowing the company to upgrade current warehouse systems, and create a range of new positions across the business – including marketing and distribution roles.
The investment has come from the GBP35 million West Midlands equity portion of the Midlands Engine Investment Fund (MEIF).
Based in Wednesbury and founded in 2014, Online Poundshop offers a wide variety of top brands and essential products at a discounted price direct to customers across the UK. The company has seen rapid growth since its inception largely due to a
29Bison, a human capital advisory firm for middle market private equity and venture capital firms and their portfolio companies, has appointed Eric Lane as Partner and Chief Operating Officer.
“We are pleased to have Eric join the 29Bison team,” says Laura Queen, Founder and CEO of 29Bison. “Eric’s integration and change management experience, managing initiatives such as mergers and acquisitions, consolidations, restructures, and systems integration, along with his experience creating and implementing human capital management and valuation systems, will transition well to 29Bison’s focus of helping clients reduce risk and add value.”
Prior to joining 29Bison, Lane served as
Trade Ledger, a business lending platform which automates commercial lending processes for global banks and alternative finance providers, has secured a GBP1.5 million strategic investment in a funding round led by Hambro Perks.
Established in 2016 and now operating on three continents, Trade Ledger’s unique lend-tech platform automates all types of digital business finance, helping bank and non-bank business lending organisations alike to fast-track economic growth through process automation and scaling of business credit operations.
Trade Ledger uses financial data APIs (often referred to as Open Banking), Machine Learning, Artificial Intelligence and Robotic Process Automation technologies to enhance or replace old and costly legacy
The Institutional Limited Partners Association (ILPA) has released the first publicly available Model Limited Partnership Agreement (LPA) for the private equity industry.
The legal template, which is available for complimentary, industry-wide use, conforms to ILPA Principles 3.0 and sets a new standard for alignment of interests between general (GPs) and limited partners (LPs). The Model LPA also addresses a persistent and shared need of GPs and LPs to reduce the complexity, cost and resources required to negotiate the terms of investment in private equity funds.
“The industry has to date lacked freely accessible model documents that can serve as
There’s something of a green hue to this week’s newsletter with news of Prestige Funds delivery of GBP100 million in clean energy lending in the first three quarters of the year. MIRA meanwhile, has added to its renewable energy portfolio with the acquisition of an additional stake in the Gwynt y Môr Offshore Wind Farm. And BGF has exited its investment in 3sun Group, a specialist provider of products and services to the global renewable energy industry.
In funds news this week, we report on the closing of a USD1 billion JP Morgan special situations fund and the fourth venture
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